Vivint Solar Inc (NYSE:VSLR)’s share price rose 5.6% on Tuesday . The company traded as high as $3.90 and last traded at $3.75. Approximately 1,126,077 shares traded hands during mid-day trading, an increase of 215% from the average daily volume of 357,633 shares. The stock had previously closed at $3.55.

VSLR has been the subject of a number of recent analyst reports. Zacks Investment Research raised Vivint Solar from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a research note on Saturday, January 6th. Bank of America began coverage on Vivint Solar in a research note on Monday, November 6th. They issued a “buy” rating for the company. Guggenheim began coverage on Vivint Solar in a research report on Wednesday, September 27th. They issued a “buy” rating and a $5.00 target price on the stock. TheStreet upgraded Vivint Solar from a “d” rating to a “c” rating in a research report on Monday, October 2nd. Finally, BidaskClub upgraded Vivint Solar from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $5.10.

The company has a quick ratio of 1.05, a current ratio of 1.18 and a debt-to-equity ratio of 1.30. The company has a market capitalization of $430.36, a PE ratio of 9.62 and a beta of -0.31.

Vivint Solar (NYSE:VSLR) last posted its earnings results on Tuesday, November 7th. The company reported ($0.33) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.04). The firm had revenue of $75.10 million during the quarter, compared to analysts’ expectations of $74.56 million. Vivint Solar had a negative return on equity of 26.04% and a net margin of 18.65%. Vivint Solar’s quarterly revenue was up 81.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.36) earnings per share. research analysts expect that Vivint Solar Inc will post -1.48 earnings per share for the current fiscal year.

In other Vivint Solar news, CEO David Bywater sold 44,900 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $3.24, for a total transaction of $145,476.00. Following the sale, the chief executive officer now directly owns 575,774 shares in the company, valued at $1,865,507.76. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Bryan Christiansen sold 60,210 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $3.44, for a total value of $207,122.40. Following the sale, the chief operating officer now owns 272,252 shares in the company, valued at $936,546.88. The disclosure for this sale can be found here. Insiders sold 236,810 shares of company stock worth $798,623 over the last quarter. 4.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Quentec Asset Management LLC raised its holdings in shares of Vivint Solar by 24.5% in the third quarter. Quentec Asset Management LLC now owns 3,964,748 shares of the company’s stock worth $13,480,000 after buying an additional 781,333 shares during the period. Vanguard Group Inc. raised its holdings in shares of Vivint Solar by 23.3% in the second quarter. Vanguard Group Inc. now owns 1,743,605 shares of the company’s stock worth $10,200,000 after buying an additional 329,748 shares during the period. State Street Corp raised its holdings in shares of Vivint Solar by 5.8% in the second quarter. State Street Corp now owns 363,520 shares of the company’s stock worth $2,127,000 after buying an additional 20,027 shares during the period. Virtu KCG Holdings LLC raised its holdings in shares of Vivint Solar by 456.9% in the second quarter. Virtu KCG Holdings LLC now owns 161,804 shares of the company’s stock worth $947,000 after buying an additional 132,751 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Vivint Solar by 28.7% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 97,268 shares of the company’s stock worth $394,000 after buying an additional 21,712 shares during the period. Hedge funds and other institutional investors own 92.47% of the company’s stock.

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About Vivint Solar

Vivint Solar, Inc offers distributed solar energy, electricity generated by a solar energy system installed at or near customers’ locations, to residential customers. Through investment funds, the Company owns solar energy systems it installs and provides solar electricity pursuant to long-term contracts with its customers.

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